ZRE.TO vs. VDY.TO
Compare and contrast key facts about BMO Equal Weight REITs Index ETF (ZRE.TO) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO).
ZRE.TO and VDY.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZRE.TO is a passively managed fund by BMO that tracks the performance of the Solactive Equal Weight Canada REIT Index. It was launched on May 19, 2010. VDY.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE Canada High Dividend Yield Index. It was launched on Nov 2, 2012. Both ZRE.TO and VDY.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZRE.TO or VDY.TO.
Key characteristics
| ZRE.TO | VDY.TO | |
|---|---|---|
| YTD Return | 7.77% | 21.60% |
| 1Y Return | 17.64% | 28.83% |
| 3Y Return (Ann) | -3.24% | 10.09% |
| 5Y Return (Ann) | 1.85% | 11.95% |
| 10Y Return (Ann) | 5.95% | 8.94% |
| Sharpe Ratio | 1.46 | 3.30 |
| Sortino Ratio | 2.32 | 4.60 |
| Omega Ratio | 1.27 | 1.61 |
| Calmar Ratio | 0.81 | 3.31 |
| Martin Ratio | 6.22 | 17.80 |
| Ulcer Index | 3.61% | 1.72% |
| Daily Std Dev | 15.42% | 9.29% |
| Max Drawdown | -46.29% | -39.21% |
| Current Drawdown | -13.58% | -0.32% |
Correlation
The correlation between ZRE.TO and VDY.TO is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ZRE.TO vs. VDY.TO - Performance Comparison
In the year-to-date period, ZRE.TO achieves a 7.77% return, which is significantly lower than VDY.TO's 21.60% return. Over the past 10 years, ZRE.TO has underperformed VDY.TO with an annualized return of 5.95%, while VDY.TO has yielded a comparatively higher 8.94% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ZRE.TO vs. VDY.TO - Expense Ratio Comparison
ZRE.TO has a 0.61% expense ratio, which is higher than VDY.TO's 0.22% expense ratio.
Risk-Adjusted Performance
ZRE.TO vs. VDY.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Equal Weight REITs Index ETF (ZRE.TO) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
ZRE.TO vs. VDY.TO - Dividend Comparison
ZRE.TO's dividend yield for the trailing twelve months is around 4.97%, more than VDY.TO's 4.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZRE.TO BMO Equal Weight REITs Index ETF | 4.97% | 5.14% | 4.97% | 3.87% | 5.01% | 4.17% | 4.95% | 5.05% | 5.46% | 6.00% | 5.13% | 5.17% |
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 4.30% | 4.64% | 4.42% | 3.58% | 4.59% | 4.25% | 4.43% | 3.82% | 3.25% | 4.11% | 3.25% | 2.50% |
Drawdowns
ZRE.TO vs. VDY.TO - Drawdown Comparison
The maximum ZRE.TO drawdown since its inception was -46.29%, which is greater than VDY.TO's maximum drawdown of -39.21%. Use the drawdown chart below to compare losses from any high point for ZRE.TO and VDY.TO. For additional features, visit the drawdowns tool.
Volatility
ZRE.TO vs. VDY.TO - Volatility Comparison
BMO Equal Weight REITs Index ETF (ZRE.TO) has a higher volatility of 4.51% compared to Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) at 2.66%. This indicates that ZRE.TO's price experiences larger fluctuations and is considered to be riskier than VDY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.